Why Robert E Hall, Michael Woodford won 2026 Nobel prize in economics?
Robert E. Hall and Michael Woodford were awarded the 2026 Nobel Prize in Economics on Monday for their work that helps smooth out the economy’s peaks and troughs. The Royal…
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Category: Business
Trump bought up to $5M SpaceX debt days before signing new space policy: report
US President Donald Trump invested between $1 million and $5 million in debt issued by Elon Musk’s SpaceX on August 18, just two days before signing a major national space…
Fed minutes reveal split over inflation risks and need for rate hikes
Federal Reserve officials broadly supported the central bank’s September interest-rate increase, with minutes showing that most policymakers saw a case for another hike by the end of the year as…
US jobless claims fall to 197,000, lower than expected, as layoffs remain low
The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued stability in the labor market even as hiring slowed sharply in September. Initial claims…
How Fed hike odds plunged from 70% to 20% in one week
The Federal Reserve entered this week facing a market that had been pricing a meaningful chance of another interest-rate hike in October. Five trading days later, that bet has almost…
US’ low-hire, low-fire labour market: why jobs are scarce but layoffs remain low
The latest US employment data has revived an increasingly familiar description of the US labour market: low hire, low fire. It is an unusual combination. Employers are adding very few…
France debt crisis: why rising bond yields are raising fears of another euro crisis
France was once viewed as one of Europe’s safest sovereign borrowers, with its bonds carrying little more risk than Germany’s. That confidence is now being eroded as investors demand a…
Trump-Xi summit puts AI, trade and rare rarths in focus
US President Donald Trump welcomed Chinese President Xi Jinping to the White House on Thursday for a state visit, hours after Washington said the two countries had agreed to extend…